Are Jacksonville home prices expected to drop further?

Nobody can honestly promise a specific direction. Prices are down modestly year over year, not falling sharply, and the market is described as balanced to slightly seller-favoring by most current reporting — not a buyer's market in the way the term usually implies.

How many days does it actually take to buy a house in Jacksonville right now?

It depends heavily on the specific home. Current data shows a real split: well-priced homes in strong areas can go under contract in under two weeks, while others sit for three months or more. The citywide average sits somewhere in between and can be misleading on its own.

Is Jacksonville still a buyer's market or a seller's market?

Most current data puts it close to balanced, with a slight lean toward sellers overall — but this varies meaningfully by neighborhood and price point, which is why a citywide label only tells part of the story.

Should I wait for mortgage rates to drop before buying?

That's a real financial trade-off, not a simple yes or no — rates have actually trended up, not down, through this fall. A monthly-payment conversation based on your actual numbers is more useful than a guess about where rates go next.

1505 1ST Street S 801 (8N), Jacksonville Beach, FL 32250 (MLS# 1103200)

1505 1ST Street S 801 (8N), Jacksonville Beach, FL 32250

$1,251,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,350 Status: Closed

Current Price: $1,251,000 List Date: 4/06/2021 Last Modified: 2/07/2025

Overview

Description

Private luxury living in South Jax Beach. Unique oceanfront condo living experience with just two condos per floor. With only 16 residences, this boutique condo community's elevator leads directly to your private foyer. The open-living floor plan boasts 10' ceilings, crown molding, & an amazing custom kitchen featuring 42'' cabinets, granite counters, a true island with oceanviews from the sink. Custom built-in shelves with extra cabinets/storage. Separate laundry room with cabinets, washtub & trash chute. New AC in November 2020. New water heater 2019. Assigned garage space plus addl exterior assigned parking space. Private storage cage. Spacious oceanfront balcony has custom built-in gas grill and 265sf. PLUS a sunset balcony on the west off bedroom 2.

Listing Details MLS# 1103200

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2350
Living Area Source: Public Records
Year Built: 2002
Association YN: Yes
Association Fee: 950
Association Fee Frequency: Monthly
Association Fee 2: 250
Association Name: EASTWINDS CONDO ASSO
Association Phone: 904-461-5556
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Water Body Access YN: Yes
Waterfront YN: Yes
Furnished: Unfurnished
Stories: Yes
Stories Total: 9
Directions: A1A / 3rd Street to 15th Avenue South. Go east toward Atlantic Ocean. Eastwinds Condo on corner of 1st Street and 15th Avenue South.
Public Remarks: Private luxury living in South Jax Beach. Unique oceanfront condo living experience with just two condos per floor. With only 16 residences, this boutique condo community's elevator leads directly to your private foyer. The open-living floor plan boasts 10' ceilings, crown molding, & an amazing custom kitchen featuring 42'' cabinets, granite counters, a true island with oceanviews from the sink. Custom built-in shelves with extra cabinets/storage. Separate laundry room with cabinets, washtub & trash chute. New AC in November 2020. New water heater 2019. Assigned garage space plus addl exterior assigned parking space. Private storage cage. Spacious oceanfront balcony has custom built-in gas grill and 265sf. PLUS a sunset balcony on the west off bedroom 2.
List Price/SqFt: 558.72
Sold Price/SqFt: 532.34

Property Features

Approx Parcel Size: Condo-NA Architectural Style: Flat Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer; Water Softener Owned Interior Features: Breakfast Bar; Built-in Features; Central Vacuum; Elevator; Entrance Foyer; Kitchen Island; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Concrete; Tile; Wood Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Smart Home Features: Programmable Thermostat Security Features: Entry Phone/Intercom; Fire Sprinkler System; Smoke Detector(s) Construction Materials: Block; Concrete; Stucco Exterior Features: Balcony Patio And Porch Features: Porch; Screened Pool Features: Electric Heat Parking Features: Additional Parking; Assigned; Garage Door Opener; Guest; Underground Lot Features: Corner Lot View: Ocean Water Body Access Type: Community Waterfront Features: Navigable Water; Ocean Front Fencing: Back Yard; Vinyl; Other Current Use: Multi-Family; Residential Association Amenities: Beach Access; Community Pool; Maintenance Grounds; Management - Full Time; Management - Off Site; Trash Association Fee Includes: Insurance; Maintenance Grounds; Trash; Water Road Surface Type: Concrete Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: No
Listing Contract Date: 2021-04-06
Unit Type: End Unit

Location Tax and Legal

Street Number: 1505
Street Name: 1ST
Street Suffix: Street
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 212-Jacksonville Beach-SE
Subdivision Name: Eastwinds

Status Change Information

Major Change Timestamp: 2021-07-19T22:55:26Z
Major Change Type: Status Change
Purchase Contract Date: 2021-05-03
Close Date: 2021-07-19
Close Price: 1251000

Historical Information

Public Historical Remarks 1: Storage Room: Y, Utilities-Common Sewer: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Parking Facilities-Keypad Entry: Y, Waterfront Descrpt-Tidal: Y, Structure Builder: HCM SIGNET
Public Historical Remarks 2: Covenants/Restrictions: Y, Unit Location-6th - 10th Story: Y, Utilities-Common Water: Y, Dining-Living/Dining Combo: Y, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Interior Amenities-Picture Window(s): Y, Trash Chute: Y

More Information

Room Information

Room Name
Utility Room

Listing Office: RENEE L BARON, BROKER

Last Updated: February - 07 - 2025

Information deemed reliable but not guaranteed.